For a Viksit Bharat, India needs to cut down on its regulatory cholesterol

News Snapshot:

Since 1990, our central and state government spending has increased over 100 times to Rs 107 lakh crore, while India’s per capita income has increased around eight times to $2,700. I don’t want to live in China, but I envy the 42 times rise in China’s per capita GDP since 1990. This rise has many causes and consequences; China’s car production has increased 62 times since 1990 to 3.1 crore last year (India made 50 lakh). We need more tools for mass prosperity as we grapple with US President Donald Trump’s vandalism on the global trade system that enabled China’s...